Texas Instruments Q2 2024 Adj EPS $1.22 Beats $1.17 Estimate, Sales $3.82B Inline
Portfolio Pulse from Benzinga Newsdesk
Texas Instruments (NASDAQ:TXN) reported Q2 2024 adjusted EPS of $1.22, beating the analyst estimate of $1.17. Quarterly sales were $3.82 billion, in line with expectations but down 15.69% from the same period last year.
July 23, 2024 | 8:02 pm
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Texas Instruments reported Q2 2024 adjusted EPS of $1.22, surpassing the analyst estimate of $1.17. Sales were $3.82 billion, matching expectations but down 15.69% year-over-year.
The EPS beat is a positive indicator for the stock, suggesting better-than-expected profitability. However, the significant year-over-year decline in sales may temper investor enthusiasm.
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